Mabel O. is a seamstress and also sells tailoring materials. She is requesting a loan amount of $625 (N90,000) to purchase more tailoring materials to sell. It will help to boost her income to take care of her family, and also improve her delivery times to her customers. She is 52-years-old and is married with six children. Her husband is a civil servant who does not receive a salary from the government. She is from Edo State, Nigeria.
The Kiva Field Partner in Nigeria who administers this loan is called the Lift Above Poverty Organization (LAPO). Kiva’s Staff wants to call your attention to the fact that LAPO is the subject of controversy. While all Kiva Field Partners charge an interest rate on loans to sustainably operate, LAPO’s interest rates (see their “Portfolio Yield”) and profitability (see their “Return on Assets”) are amongst the highest on Kiva. Kiva’s Staff encourages you to learn more about this Nigerian Field Partner before making this loan. http://www.kiva.org/partners/20